Target Corporation (NYSE:TGT) has tumbled 0.56% during the past week and has dropped 1.69% in the last 4 week period. The company has outperformed the S&P 500 by 0.63% in the past week but underperformed the index by 2.59% in the last 4 weeks.
Target Corporation (NYSE:TGT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.01 and $66.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.50, notching a gain of 0.78% for the day. The total traded volume was 7,864,256 . The stock had closed at $66.98 on the previous day.
The company shares have dropped -19.02% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $85.81 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $71.92 and the 200 Day Moving Average price is recorded at $75.05.
On the companys insider trading activities, Darden Calvin, director of Target Corp, unloaded 37,105 shares at an average price of $67.02 on May 19, 2016. The total amount of the transaction was worth $2,486,777, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Goldman Sachs maintains their rating on the shares of Target Corporation (NYSE:TGT). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $75 per share from $85 per share. The rating by the firm was issued on May 20, 2016. Currently the company Insiders own 0.25% of Target Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 42.13% . Institutional Investors own 90.7% of Target Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 21.24%.
Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.